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Acquisitions and Divestitures News in Egypt

Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M 1/20/2020 - Petroleum Minister Tarek el Mulla signed nine agreements on oil and gas exploration in the Mediterranean and Western Desert with total investments of dollars 452.3 million. ...
Exxonmobil Secures Exploration Acreage Offshore Egypt
Exxonmobil Secures Exploration Acreage Offshore Egypt 12/30/2019 - ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. ...
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea 12/29/2019 - Minister of Oil and Mineral Wealth Tarek el Mulla announced that three companies have won the first international bid launched by South Valley Egyptian Petroleum Holding Company (GANOPE) in March for ...
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt 12/24/2019 - Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, have signed a Production Sharing Agreement for the South Ea...
Nostra Terra Provides Update on East Ghazalat in Egypt
Nostra Terra Provides Update on East Ghazalat in Egypt 11/19/2019 - Nostra Terra (NTOG) is pleased to announce that, further to the Company's announcement of 12 August 2019, Nostra Terra's wholly owned subsidiary, Nostra Terra Inc. (NTI) has reached a conditional agre...
Shell Appoints Citi for $1B Sale of Egypt Assets
11/15/2019 - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. ...
Israel-Egypt Gas Pipeline Deal Seen Imminent
Israel-Egypt Gas Pipeline Deal Seen Imminent 11/3/2019 - A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said.

Texas-based Noble Energy, Israel’...
Dragon Oil Acquires BP’s Stake in Gulf of Suez
Dragon Oil Acquires BP’s Stake in Gulf of Suez 10/21/2019 - As a part of its ongoing drive to be among regionally and globally ranked Oil and Gas companies, Dragon Oil Ltd. - the fully owned exploration and production platform of Emirates National Oil Company ...
Shell Egypt to Sell Assets in Western Desert
Shell Egypt to Sell Assets in Western Desert 10/20/2019 - Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. ...
Abu Sennan Transaction Update
Abu Sennan Transaction Update 10/7/2019 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to provide the following progress update in relation to ...
BP to Divest Mature Oil Assets in Egypt to Dragon Oil
BP to Divest Mature Oil Assets in Egypt to Dragon Oil 6/3/2019 - BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing a...
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil 5/23/2019 - BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. ...
Eni Granted Two Exploration Blocks Onshore Egypt
Eni Granted Two Exploration Blocks Onshore Egypt 2/15/2019 - Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt. The first block, “South East Siwa” (Eni 100%), has been assigned within the EGPC 2018 competitive bid round. The bloc...
Egypt Awards 12 New Concessions for 2018 Bid Rounds
Egypt Awards 12 New Concessions for 2018 Bid Rounds 2/13/2019 - Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla announced the winners in the largest ever oil and gas exploration and production bid round, on the sidelines of the Egypt Petroleum ...
DEA Awarded New Licence in the Onshore Nile Delta
DEA Awarded New Licence in the Onshore Nile Delta 2/12/2019 - The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square...
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets 1/9/2019 - Electricite de France SA’s Italian unit has attracted potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy for its oil and gas business, people familiar with the m...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala
Eni Sells 20% Stake in Nour North Sinai Concession to Mubadala 11/12/2018 - The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi,...
Blue Water Energy to Enter Partnership with Apex International
Blue Water Energy to Enter Partnership with Apex International 10/22/2018 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African countries (MENA), today announced that affiliates o...
SDX Provides Update on Potential Acquisition
SDX Provides Update on Potential Acquisition 10/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant pa...

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